Tropical Health Alliance Foundation (EIN 203556410) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

Geir Frivold MD

Phone

9092641340

Tax Period

2025-01-01 to 2025-12-31

Tropical Health Alliance Foundation, founded in 2005, is a small nonprofit in the Education sector that reported $607K in total revenue in fiscal year 2025. Revenue surged 45% from the prior year, signaling strong growth momentum. Expenses of $671K exceeded revenue, resulting in a 11% operating deficit.

Mission

To help people in Ethiopia live healthier and more self-sustainable lives by providing medical assistance, supporting education, and fueling creative enterprise. Surgeries to restore sight, treat birth-related pelvic trauma, establish safe water sources.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $272,371

Program Service Revenue $0

Investment Income $334,135

Other Revenue $0

TOTAL REVENUE $606,506

Expense Breakdown

Grants Paid $659,122

Salaries & Benefits $0

Fundraising Expenses $953

Program Expenses $659,122

Other Expenses $11,538

TOTAL EXPENSES $670,660

Year-over-Year Comparison

	2025	2024	Change
Revenue	$606,506	$419,170	+0.4%
Expenses	$670,660	$684,185	0.0%
Net Income	$-64,154	$-265,015	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tyler Coleman	Treasurer	0.00	Officer Director	$0	$0	$0
Geir Frivold MD MPH	Chairman	1.00	Officer Director	$0	$0	$0
Laura Rojas Cortes	Board Member	1.00	Director	$0	$0	$0
Gunter Fuchs Dr HSc MPH	Secretary	0.00	Officer Director	$0	$0	$0
Anne Berit Peterson Phd MS	Board Member	0.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$606,506	$670,660	$5,750,001	$-64,154
2024	No data	No data	No data	No data
2023	$573,069	$635,675	$6,089,593	$-62,606
2022	$699,642	$612,079	$6,141,344	$87,563
2022	$711,500	$537,075	$6,255,787	$174,425
2021	$5,025,879	$388,879	$6,053,781	$4,637,000
2021	$5,042,394	$377,813	$6,081,362	$4,664,581
2020	$285,908	$121,664	$1,416,781	$164,244
2019	$552,385	$335,158	$1,252,537	$217,227
2018	$329,661	$172,372	$1,035,310	$157,289

Tropical Health Alliance Foundation